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DEMIRE Deutsche Mittelstand Real Estate AG
M&A Activity • Nov 15, 2021
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M&A Activity
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Ad-hoc | 15 November 2021 10:14
DEMIRE Deutsche Mittelstand Real Estate AG: Apollo and Wecken & Cie. Initiate a Strategic Review of Their Stake in DEMIRE
DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Miscellaneous
DEMIRE Deutsche Mittelstand Real Estate AG: Apollo and Wecken & Cie. Initiate a Strategic Review of Their Stake in DEMIRE
15-Nov-2021 / 10:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of insider information pursuant to Article 17 of Regulation (EU) No 596/2014
Apollo and Wecken & Cie. Initiate a Strategic Review of Their Stake in DEMIRE
Langen, 15 November 2021 – DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0) has been informed by its major shareholders Apollo-managed funds and Wecken & Cie., that Apollo and Wecken & Cie. are conducting a review of options with regard to their stake in DEMIRE. Such review is in early stages and may or may not result in a transaction.
Amongst the options under review, Apollo and Wecken & Cie. are considering a sale of their entire stake to a strategic or financial investor which shall be well equipped to support the company in its next growth and value creation phase. Apollo and Wecken & Cie. are currently not contemplating a placing of any of their DEMIRE shares in the public equity market.
DEMIRE has retained J.P. Morgan as its financial advisor in connection with Apollo ‘s and Wecken & Cie.’s review and is cooperating with Apollo and Wecken & Cie. in this respect.
Disclaimer
This announcement does not constitute an offer to sell nor a solicitation to buy securities.
DEMIRE Deutsche Mittelstand Real Estate AG
The Management Board
Contact:
Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: +49 (0) 6103 372 49 44
Email: [email protected]
15-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | DEMIRE Deutsche Mittelstand Real Estate AG |
| Robert-Bosch-Straße 11 im ‘the eleven’ | |
| 63225 Langen (Hessen) | |
| Germany | |
| Phone: | +49 6103 37249-0 |
| Fax: | +49 6103 37249-11 |
| E-mail: | [email protected] |
| Internet: | www.demire.ag |
| ISIN: | DE000A0XFSF0 |
| WKN: | A0XFSF |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1248943 |
| End of Announcement | DGAP News Service |